COLLECTION
OF BAD DEBTS
Regarding
collections of bad debts, the most important thing is to contact
a lawyer as early in the process as possible. The older the debt,
the more difficult it is to collect. If a debt is over 60 delinquent
days, a lawyer should be consulted.
LOANS
Never loan money to any person or business without collateral. Collateral
is physical property that secures payment. If the borrower doesn't
pay, you can take the collateral back and sell it to cover the debt
owed. If the borrower goes bankrupt, which is very common these
days, the creditor/lender gets the collateral back. Loans should
always be signed for by the individual, not a corporation. The Corporation
may not have any assets, so use the individual's signature.
TEAMWORK
Taking a case to court involves teamwork between the client and
the lawyer. The lawyer is the leader of the team, but the case is
owned by the client. The client, ultimately, makes the final decision
on settlement. The attorney serves the client as best he can to
achieve the client's goals within the legal system. If the attorney
and client cannot agree on major issues of the case, the attorney
may have to withdraw or the client may have to find other counsel.
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EMPLOYEES
The key to a good relationship with employees is to be fair and
honest. Each employee should have his own employee file and anything
to do with his employment should go in it. The employee has a right
to a copy of anything in his/her file. The contents of the files
are confidential. Decisions to fire, hire, or perform evaluations
are always best handled with good, thorough documentation. Termination
should always be for the real reason and should be by letter to
the employee.
EVIDENCE
Cases are decided on the evidence presented. Sometimes justice is
not achieved, because there was no evidence. The truer of fact,
be it a Judge or Jury, cannot decide a case based upon things that
were not presented as evidence.
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